Section 80G of the Indian Income Tax Act provides tax benefits to individuals who make gifts to eligible charitable organizations. Comprehending this section is crucial for both donors and charities, as it can significantly impact their financial standing. Donations made under Section 80G are tax-exempt from the donor's gross income. This means tha
Comprehending Charitable Donations Under Section 80G
Charitable donations in India can greatly reduce your tax liability under Section 80G of the Income Tax Act. This section offers deductions for contributions made to eligible charitable organizations and trusts registered with the government. To avail these benefits, it is crucial to understand the parameters outlined in Section 80G. Donations to